In 2009, Golden State Mutual closed, and its remaining assets (including two significant lobby murals) were prepared for sale by the State's Conservation and Liquidation Office, leaving the building and its future in question. This became a major preservation issue for the Conservancy; you can read more about this issue here.

By 2011, the building had fallen into disrepair after years of vacancy and lack of maintenance.

That same year, the South Central Los Angeles Regional Center (SCLARC), a nonprofit organization that serves people with development disabilities, decided to incorporate the building as part of their new headquarters. They wanted to adaptively reuse the building as office space, while preserving its character-defining features.